MSI · XBRL financial data

Motorola Solutions financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (MSI's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	7,414	8,171	9,112	9,978	10,817	11,682
Cost of goods and services sold	3,806	4,131	4,883	5,008	5,305	5,647
Gross profit	3,608	4,040	4,229	4,970	5,512	6,035
Research and development	686	734	779	858	917	970
Selling, general and administrative	1,293	1,353	1,450	1,561	1,752	1,870
Other operating income (expense)	(246)	(286)	(339)	(257)	(155)	(207)
Operating income (loss)	1,383	1,667	1,661	2,294	2,688	2,988
Interest expense	233	215	240	249	295	360
Other income (expense)	13	92	77	68	(489)	126
Income tax expense (benefit)	221	302	148	432	390	652
Net income (loss)	949	1,245	1,363	1,709	1,577	2,154
Earnings per share, basic USD per share	5.58	7.36	8.14	10.23	9.45	12.93
Earnings per share, diluted USD per share	5.45	7.17	7.93	9.93	9.23	12.75
Weighted average shares, basic millions of shares	170	169	168	167	167	167
Weighted average shares, diluted millions of shares	174	174	172	172	171	169

Fiscal years (MSI's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	1,254	1,874	1,325	1,705	2,102	1,165
Accounts receivable	1,390	1,386	1,518	1,710	1,952	2,200
Inventory	508	788	1,055	827	766	983
Total current assets	4,327	5,412	5,255	5,725	6,479	6,300
Property and equipment, net	1,022	1,042	927	964	1,022	1,165
Right-of-use asset	468	382	485	495	529	581
Goodwill	2,219	2,565	3,312	3,401	3,526	6,800
Total assets	10,876	12,189	12,814	13,336	14,595	19,389
Accounts payable	612	851	1,062	881	1,018	1,134
Accrued liabilities	1,311	1,557	1,638	1,504	1,643	1,930
Current portion of long-term debt	12	5	1	1,313	322	0
Total current liabilities	3,489	4,063	4,560	5,736	5,055	6,078
Long-term debt	5,163	5,688	6,013	4,705	5,675	8,413
Lease liability, non-current	402	313	419	407	427	471
Retained earnings	1,127	1,350	1,343	1,640	2,300	2,549
Total stockholders' equity	(558)	(40)	116	724	1,703	2,410
Total liabilities and equity	10,876	12,189	12,814	13,336	14,595	19,389
Common shares outstanding (cover page) millions of shares	169	168	167	166	167	166

Fiscal years (MSI's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	949	1,245	1,363	1,709	1,577	2,154
Stock-based compensation	129	129	172	212	243	293
Depreciation and amortization	409	438	440	356	336	425
Net cash from operating activities	1,613	1,837	1,823	2,044	2,391	2,837
Net cash from investing activities	(437)	(742)	(1,387)	(414)	(507)	(5,164)
Proceeds from issuing common stock	108	102	156	104	75	46
Share repurchases	612	528	836	804	244	1,154
Dividends paid	436	482	530	589	654	728
Repayments of long-term debt	914	353	285	1	1,906	322
Net cash from financing activities	(966)	(429)	(906)	(1,295)	(1,448)	1,309
Net change in cash	253	620	(549)	380	397	(937)

SIC 3663 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3663 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Motorola Solutions	710	3,133	469*	165.5M	Q2 FY26 10-QJul 4, 2026
Qualcomm	4,533	9,947	991*	1.1B	Q3 FY26 10-QJun 28, 2026
Fabrinet	392	1,474	21	35.7M	Q1 FY27 10-QSep 25, 2026
Lumentum Holdings	1,272	1,263	268	90.7M	Q1 FY27 10-QSep 26, 2026

Not investment advice. Not affiliated with the U.S. SEC.